State Comptroller Alan Hevesi yesterday warned that the Public Authorities Control Board (PACB) is moving much too fast, thus offering another potential brake on the Atlantic Yards project and many others. Though the PACB approved an average of less than half a billion dollars in projects per meeting over the last year, it has rushed through projects totaling $11.4 billion in this month and October, Hevesi said. In December, projects worth several billions more are expected to reach the PACB, which requires unanimity from its three voting members: Governor George Pataki, Assembly Speaker Sheldon Silver, and Senate Majority Leader Joseph Bruno. Part of that December total could be related to the Atlantic Yards project, which cannot be voted on until the Empire State Development Corporation (ESDC) approves the project. The ESDC and developer Forest City Ratner seek rapid approval, under the administration of departing Governor Pataki, while Silver is under pressure to delay the vote a...
This watchdog blog, by journalist Norman Oder, covers the project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after Shanghai-based Greenland USA took a majority share. Forest City left in 2018. Eight towers and the arena have been built. After a stall, Cirrus and LCOR in 2025 took over as master developers. A plan to complete the project is pending.